Practice Profit and loss Questions and Answers

• By selling 8 pens for ₹80, a shopkeeper loses 20%. How many pens should he sell for ₹248 to earn a 24% profit?
• The ratio between the cost price of gadget E and F is 3:2 respectively. Each of the gadgets was marked 60% above its cost price. If the MRP of gadget E is ...
• The ratio between the cost price of product G and H is 8:7 respectively. Each of the products was marked 25% above its cost price. If the MRP of product G ...
• The ratio between the cost price of book I and book J is 4:3 respectively. Each of the books was marked 20% above its cost price. If the MRP of book I is R...
• When a product is sold for Rs.750, the profit percentage equals the percentage loss when it is sold for Rs.250. Find the selling price for a 30% profit.
• The cost prices of a table and a chair are in the ratio 3:5 respectively. If the seller earned a profit of 15% on the table and an overall profit of 20%, f...
• The cost prices of a bookshelf and a wardrobe are in the ratio 2:5 respectively. If the seller earned a profit of 10% on the bookshelf and an overall profi...
• Rahul purchased 300 pens, which was 25% more than the number of notebooks purchased by him. He sold each pen at the rate of Rs. 10 for 5 and sold each note...
• Lata bought 600 coffee mugs, which was 50% more than the number of plates purchased by her. She sold each coffee mug at the rate of Rs. 20 for 4 and sold e...
• A dealer marked his goods 50% above the cost price and sold it after two consecutive discounts of 10% and 20%. If he had marked it 40% above the cost price...
• Two friends Shyam and Ram, Shyam sold an item after allowing two successive discounts of 20% and 15%, While Ram sold the same item after two successive dis...
• A merchant bought a product for Rs. ‘a’ and marked it 120% above its cost price. He then sold it after giving two successive discounts of 600 and 10%, ...
• A dealer purchased an item for Rs. ‘a’ and marked it 130% above its cost price, then sold it after applying two successive discounts of 700 and 10%, re...
• A retailer bought a gadget for Rs. ‘a’ and marked it 140% above its cost price. He sold it after giving two successive discounts of 800 and 25%, respec...
• A vendor acquired a piece of clothing for Rs. ‘a’ and marked it 160% above its cost price, and sold it after giving two successive discounts of 900 and...
• A shopkeeper obtained an accessory for Rs. ‘a’ and marked it 170% above its cost price, then sold it after offering two successive discounts of 1000 an...
• Asha bought a dress and sold it at a profit of 20%. Had she bought it for Rs. 400 less and sold it for Rs. 480 more, she would have earned a profit of 60%....
• Manav bought a laptop and sold it at a profit of 10%. Had he bought it for Rs. 500 less and sold it for Rs. 550 more, he would have earned a profit of 50%....
• Sunita bought a bicycle and sold it at a profit of 30%. Had she bought it for Rs. 600 less and sold it for Rs. 660 more, she would have earned a profit of ...
• A product is priced 80% higher than its cost price and then sold for Rs. 1,224 after applying two consecutive discounts of 20% and 15%. What is the differe...
• Rohit sold 20 watches at a profit of 30%. If he had sold the watches for Rs. 2400 more in total, his overall profit would have been 50%. What is the sellin...
• Mina sold 25 lamps at a profit of 20%. If she had sold all the lamps for Rs. 2500 more, her overall profit would have been 40%. What is the selling price o...
• Anil sold 12 cameras at a loss of 10%. If he had sold all the cameras for Rs. 1440 more, his overall profit would have been 20%. What is the cost price of ...
• Sara sold 30 scarves at a profit of 25%. If she had sold all the scarves for Rs. 3000 more, her overall profit would have been 50%. What is the selling pri...
• After applying a discount of Rs. 120 on an item, it was sold at a loss of 20%. If the ratio of the item's marked price to its selling price is 3:2, by what...
• Vista Publications sold a Notebook for Rs. 150 and made a profit of 20% on its Cost Price (CP) and sold a Diary for Rs. 330 and made a profit of 10% on its...
• Maple Publications sold a Magazine for Rs. 210 and made a profit of 10% on CP and sold a Journal for Rs. 560 and made a profit of 12% on its CP. If the pub...
• Pine Tree Publications sold a Textbook for Rs. 120 and made a profit of 25% on its CP and sold an Encyclopedia for Rs. 720 and made a profit of 15% on its ...
• Sunset Publications sold a testbook for Rs. 230 and made a profit of 15% on CP and sold a Encyclopedia for Rs. 805 and made a profit of 20% on its CP. If ...
• A merchant combines two kinds of pulses, labeled 'P' and 'Q'. The purchase prices for type 'P' and 'Q' are Rs. 80 per kg and Rs. 108 per kg, respectively. ...
• On selling an item for Rs. 900, the profit earned by the seller is 20% more than the profit earned on selling the same item for Rs. 850. If the seller aims...
• When an item is sold for Rs. 800, the profit is 10% more than when it's sold for Rs. 780. To achieve a 60% profit, determine the selling price.
• 'C' sells a laptop at a profit of 50%. Had the profit percentage earned on selling the laptop been numerically equal to the cost price of the laptop, then ...
• 'D' sells a piece of art at a profit of 25%. Had the profit percentage earned on selling the piece of art been numerically equal to the cost price of the p...
• A watch was sold with a 20% profit. The marked price of the watch over its cost price is Rs. 960. If the ratio of profit earned to discount offered is 1:2,...
• A pen costs Rs. 6 each, and a marker costs Rs. 5 each. A person purchased some pens and markers for a total of Rs. 100. In how many ways could he have boug...
• The profit gained from selling a product for Rs. 9,500 equals the loss when the product is sold for Rs. 6,300. If the cost price of the product had been Rs...
• A profit earned by selling a bike for Rs. 12,000 is the same as the loss incurred when it is sold for Rs. 8,000. If the cost price had been Rs. 1,200 highe...
• The profit from selling an item for Rs. 15,000 equals the loss when the item is sold for Rs. 10,000. If the cost price had been Rs. 3,000 less and it was s...
• A profit from selling an accessory for Rs. 18,000 is the same as the loss when it is sold for Rs. 12,000. If the cost price had increased by Rs. 4,000 and ...